Historical Data of Indian Rupee vs Dollar PDF | 1947 to 2019

Rupee VS Dollar

In India, most of the people want to know the history data of Indian rupee against dollar from 1947 to 2019. How Rupee value has been increased against Dollar. During the independence, value of 1 dollar was equal to 1 Rupee. What happen that India rupee is continuing devalued in previous 70 years. Today, condition is like that we are paying 71 rupee () for getting 1 dollar ($). Let’s take you to the journey of the decreasing slope of rupee which is from starting 1947. We will tell you the reason of the decreasing or increasing value of currency.

Reasons of Rupee devalue  from 1947 to 2019

Before getting India independence, there was rule & effect of British. When India got independence in 1947, then Rupee vs Dollar trend was like that 1 Dollar = 1 Rupee. However, rupee was continue to be devalued due to political  and economical change after independence. When India implemented the first panchvarshiye yojana (Five-Year Plan), it need loan from foreign for growth. Due to which India first time has to devalued the rupee against dollar.

Increase Foreign Investment & Export so that foreign reserve can be increased. Understand it by example, If rupee value will be less, then person outside of India country will import more from India. That’s only the reason that any one of country decrease their currency value to enhance the export.

After Independence, India has applied the Fixed Rate Exchange System. With the help of this system, government was decided that what will be the value of the rupee against dollar. Rupee was decreased by 4.79 paise against dollar due to this system after 1948.

In 1965-68, India rupee value reached to 7.57 paise due to decreasing of foreign reserve value (i.e. buying of ammunition from foreign country).

In 1971, India rupee link has been removed from British pound and linked directly to dollar. After this, rupee was decreased to Rs. 8.39 (= 1 $) till 1975.

In 1985, rupee value reached to 12 rupee against 1 dollar . In 1991, this year was becoming very heavy on Indian economy and foreign reserve was almost dried. For alive the economy and foreign reserve, rupee value has again been decreased (i.e. 1 Dollar = 17.90 Rupee)

All the plans of government to stable rupee was failed. Due to this in 1993, government has replaced the fixed rate exchange with flexible rate exchange (i.e. now market will decide the value of rupee). After this, some power has also been given to RBI and rupee become 31.37 paise against 1 dollar.

In 2010, rupee become 45 against 1 dollar. In 2018,1 dollar value reached to 71 rupees.

Value of Rupee Depends on

  • Inflation
  • Current Account Deficit (If Import> Export, foreign reserve become low.)
  • Employment
  • Interest Rate (If interest rate will be high, then person from foreign will invest more in India.)
  • Growth Rate
  • Business loss
  • Slow down of Equity market.
  • Foreign rate reserve. (If one country has more foreign rate reserve, its currency will also be strong. If foreign rate reserve decrease, currency value has also decreased.)
  • Import and export. (If one country is exporting to foreign, then more foreign currency will come in country and foreign reserve become more and strong the currency.)

Government require to make balance in currency because if the value of currency of country will high, then foreign country will purchase less thing from country. Understand it by example, If 1 dollar is Rs. 50, then businessman of America will buy less thing from India. In other hand, If 1 dollar become Rs. 60, then foreign country will buy more things from India.

Rupee against Dollar Today

Today, one most important reason of the devalued of the Indian currency is increasing price of oil. Due to this country is paying more to the foreign in foreign currency and foreign rate is decreasing.

Rupee vs Dollar

YEAR 1 USD TO INR YEAR 1 USD TO INR
1913 0.09 1982 9.46
1925 0.1 1983 10.1
1947 1 1984 11.36
1948 3.31 1985 12.37
1949 3.67 1986 12.61
1950 4.76 1987 12.96
1951 4.76 1988 13.92
1952 4.76 1989 16.23
1953 4.76 1990 17.5
1954 4.76 1991 22.74
1955 4.76 1992 25.92
1956 4.76 1993 30.49
1957 4.76 1994 31.37
1958 4.76 1995 32.43
1959 4.76 1996 35.43
1960 4.76 1997 36.31
1961 4.76 1998 41.26
1962 4.76 1999 43.06
1963 4.76 2000 44.94
1964 4.76 2001 47.19
1965 4.76 2002 48.61
1966 6.36 2003 46.58
1967 7.50 2004 45.32
1968 7.50 2005 44.1
1969 7.50 2006 45.31
1970 7.50 2007 41.35
1971 7.49 2008 43.51
1972 7.59 2009 48.41
1973 7.74 2010 45.73
1974 8.10 2011 46.67
1975 8.38 2012 53.44
1976 8.96 2013 56.57
1977 8.74 2014 62.33
1978 8.19 2015 62.97
1979 8.13 2016 66.46
1980 7.86 2017 67.79
1981 8.66 2018 70.09
16 Aug, 18 70.30 12, Sep, 18 72.88

Indian Rupee against Dollar PDF can be found by clicking on below link.

Indian Currency vs US Currency pdf will be uploaded soon.

Rupee against Dollar Graph

Indian Rupee INR against Dollar graph can be viewed below trends.

Rupee VS Dollar Trend

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